Mumbai, December 4 (Udaipur Kiran): Shares of Rail Vikas Nigam Ltd (RVNL) were trading higher on the BSE on Wednesday after the company received a Letter of Acceptance (LoA) from Southern Railway. The stock was trading at Rs. 314.50, up by Rs. 2.80 or 0.90 per cent from its previous close of Rs. 311.70.
The scrip opened at Rs. 312.40 and touched an intra-day high of Rs. 315.05 and a low of Rs. 312.20. A total of 69,901 shares were traded on the counter during the session.
The BSE Group ‘A’ stock with a face value of Rs. 10 has touched a 52-week high of Rs. 501.55 on February 1, 2025, and a 52-week low of Rs. 295.25 on April 7, 2025. Over the past one week, the stock moved between a high of Rs. 327.75 and a low of Rs. 311.10. The company’s current market capitalisation stands at Rs. 65,490.48 crore.
The promoters hold 72.84 per cent stake in the company, while institutions and non-institutions hold 11.07 per cent and 16.09 per cent respectively.
Rail Vikas Nigam informed that it has received a Letter of Acceptance from Southern Railway for the design, supply, erection, testing and commissioning of traction sub-stations (Scott-connected), including power quality compensating equipment with associated switching posts, for the 2×25 KV feeding system along with SCADA and Automatic Fault Locator in the Jolarpettai Junction–Salem Junction section of Salem Division. The project has been awarded under Mission 3000 MT loading target at a cost of Rs. 145.34 crore and is to be executed within 540 days.
Rail Vikas Nigam functions as an extended arm of the Ministry of Railways and is engaged in executing railway infrastructure projects such as new lines, doubling, gauge conversion, electrification, metro projects, workshops, major bridges and institutional buildings.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
